The stock of Weingarten Realty Investors (NYSE:WRI) is a huge mover today! The stock decreased 2.12% or $0.8 on October 5, hitting $37.01. Weingarten Realty Investors (NYSE:WRI) has risen 3.56% since March 2, 2016 and is uptrending. It has underperformed by 4.70% the S&P500.
The move comes after 6 months negative chart setup for the $4.73B company. It was reported on Oct, 6 by Barchart.com. We have $35.16 PT which if reached, will make NYSE:WRI worth $236.50M less.
Analysts await Weingarten Realty Investors (NYSE:WRI) to report earnings on November, 3. They expect $0.57 EPS, up 1.79% or $0.01 from last year’s $0.56 per share. WRI’s profit will be $72.85M for 16.23 P/E if the $0.57 EPS becomes a reality. After $0.57 actual EPS reported by Weingarten Realty Investors for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Weingarten Realty Investors (NYSE:WRI) Ratings Coverage
Out of 2 analysts covering Weingarten Realty Investors (NYSE:WRI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Weingarten Realty Investors has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Wednesday, April 27, the company rating was downgraded by Citigroup. The rating was upgraded by Zacks on Thursday, August 27 to “Hold”. The stock has “Hold” rating given by Zacks on Wednesday, August 19. Citigroup maintained the stock with “Neutral” rating in Friday, August 12 report. The stock of Weingarten Realty Investors (NYSE:WRI) has “Buy” rating given on Friday, July 1 by UBS. Citigroup maintained Weingarten Realty Investors (NYSE:WRI) on Friday, August 14 with “” rating.
According to Zacks Investment Research, “Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. The vast majority of our shopping centers are anchored by either a supermarket or a national value-oriented retailer. These anchors combined with convenient locations, attractive and well-maintained properties and a strong tenant mix help to ensure the long-term success of our merchants and the viability of our portfolio. The Company’s portfolio of Thirf caproperties includes thirty neighborhood and community shopping centers and sixty four industrial properties, aggregating fourty million square feet.”
Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.29, from 1.26 in 2016Q1. The ratio is positive, as 20 funds sold all Weingarten Realty Investors shares owned while 75 reduced positions. 33 funds bought stakes while 114 increased positions. They now own 99.80 million shares or 0.97% less from 100.78 million shares in 2016Q1.
Financial Ser accumulated 0.01% or 236 shares. Guggenheim Ltd Liability Com last reported 0.03% of its portfolio in the stock. Credit Agricole S A has invested 0.01% of its portfolio in Weingarten Realty Investors (NYSE:WRI). Eqis Capital Mngmt reported 9,677 shares or 0.03% of all its holdings. Principal Fin Gp last reported 437,721 shares in the company. Autus Asset Ltd Limited Liability Company last reported 0.16% of its portfolio in the stock. Moreover, Vantage Inv Lc has 0% invested in Weingarten Realty Investors (NYSE:WRI) for 157 shares. Moreover, Blackrock Institutional Trust Na has 0.04% invested in Weingarten Realty Investors (NYSE:WRI) for 6.27 million shares. Swiss National Bank & Trust last reported 0.01% of its portfolio in the stock. Credit Suisse Ag last reported 0.02% of its portfolio in the stock. Daiwa Secs Grp Inc owns 5,600 shares or 0% of their US portfolio. Wfg Advsrs Limited Partnership has 0.01% invested in the company for 1,318 shares. James Inv Inc holds 0% or 66 shares in its portfolio. The Texas-based National Tx has invested 0.23% in Weingarten Realty Investors (NYSE:WRI). Teacher Retirement Systems Of Texas accumulated 0.04% or 142,829 shares.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 9 insider sales for $12.32 million net activity. $456,710 worth of shares were sold by LASHER STEPHEN A on Friday, September 2. $1.44 million worth of Weingarten Realty Investors (NYSE:WRI) was sold by ALEXANDER ANDREW M. RICHTER STEPHEN C sold $770,400 worth of stock. HENDRIX JOHNNY had sold 69,303 shares worth $2.61M.
More notable recent Weingarten Realty Investors (NYSE:WRI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Weingarten Realty Investors, G&K Services and Praxair” on September 02, 2016, also Reuters.com with their article: “BRIEF-Weingarten Realty Investors announces creation of ATM equity offerin…” published on August 02, 2016, Nasdaq.com published: “Weingarten Realty Investors Announces 8% Increase In Q2 Earnings” on July 28, 2016. More interesting news about Weingarten Realty Investors (NYSE:WRI) were released by: Therealdeal.com and their article: “TIAA sells Palms at Town & Country in Kendall to Weingarten: $285M” published on August 01, 2016 as well as Forbes.com‘s news article titled: “Weingarten Realty Investors Named Top Dividend Stock With Insider Buying and 4 …” with publication date: June 03, 2015.
WRI Company Profile
Weingarten Realty Investors, incorporated on May 01, 1905, is a real estate investment trust (REIT). The Company’s primary business is leasing space to tenants in the shopping centers it owns or leases. The Firm is engaged in the business of owning, managing and developing retail shopping centers. The Firm also provides property management services. The Companyâ€™s properties consist primarily of neighborhood and community shopping centers. The Firm holds interests in Deerfield Mall, which is a Publix-anchored center located in the South Florida community of Deerfield Beach. Deerfield Mall consists of a portfolio of approximately 20 grocery-anchored centers.
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